Angie’s List Inc. (ANGI) Sees Large Growth in Short Interest
Angie’s List Inc. (NASDAQ:ANGI) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 3,269,583 shares, a growth of 28.1% from the August 15th total of 2,552,008 shares. Based on an average daily trading volume, of 414,750 shares, the days-to-cover ratio is presently 7.9 days. Approximately 7.3% of the company’s stock are short sold.
Several research analysts recently commented on the stock. Raymond James Financial Inc. upgraded shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a report on Friday, August 19th. Zacks Investment Research cut shares of Angie’s List from a “buy” rating to a “hold” rating in a report on Monday, August 1st. TheStreet upgraded shares of Angie’s List from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Finally, Pacific Crest restated a “hold” rating on shares of Angie’s List in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. Angie’s List has an average rating of “Hold” and an average price target of $9.37.
Angie’s List (NASDAQ:ANGI) opened at 10.37 on Friday. The stock has a 50 day moving average of $9.58 and a 200 day moving average of $8.39. The company has a market capitalization of $609.55 million, a price-to-earnings ratio of 41.98 and a beta of 1.43. Angie’s List has a 12 month low of $4.91 and a 12 month high of $11.25.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.12. Angie’s List had a net margin of 4.42% and a negative return on equity of 293.31%. The business earned $83.10 million during the quarter, compared to the consensus estimate of $86.21 million. During the same quarter last year, the firm posted ($0.14) EPS. Angie’s List’s revenue was down 4.9% compared to the same quarter last year. Equities analysts anticipate that Angie’s List will post $0.11 EPS for the current fiscal year.
In other news, insider Bowman Angela R. Hicks sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $10.14, for a total value of $30,420.00. Following the completion of the transaction, the insider now owns 759,192 shares in the company, valued at $7,698,206.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 35.80% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of ANGI. BlackRock Group LTD increased its stake in Angie’s List by 43.8% in the first quarter. BlackRock Group LTD now owns 18,395 shares of the company’s stock valued at $148,000 after buying an additional 5,604 shares during the last quarter. Alliancebernstein L.P. increased its stake in Angie’s List by 102.5% in the second quarter. Alliancebernstein L.P. now owns 22,320 shares of the company’s stock valued at $145,000 after buying an additional 11,300 shares during the last quarter. Trexquant Investment LP acquired a new stake in Angie’s List during the second quarter valued at about $174,000. Royce & Associates LP increased its stake in Angie’s List by 31.2% in the first quarter. Royce & Associates LP now owns 32,916 shares of the company’s stock valued at $266,000 after buying an additional 7,820 shares during the last quarter. Finally, Strs Ohio increased its stake in Angie’s List by 194.7% in the second quarter. Strs Ohio now owns 39,200 shares of the company’s stock valued at $255,000 after buying an additional 25,900 shares during the last quarter. 64.42% of the stock is owned by institutional investors and hedge funds.
Angie’s List Company Profile
Angie’s List, Inc operates a national local services consumer review service and marketplace. The Company’s tools, services and content across multiple platforms enable consumers to research, shop for and purchase local services for needs, such as home, health and automotive services. The Company also reviews the providers of these services in over 250 markets in the United States.
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